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Navigating the process of buying a new home in Menard, TX while selling your current one can be challenging. Horizon Lending Services' Bridge Loan program provides an ideal solution for a smooth transition, especially in today's competitive market where contingency offers are frequently not accepted.
Start by listing your current home for sale in Menard, TX or getting it ready for the market.
Identify the new home you want to buy in Menard, TX, make an offer, and reach an agreement with the seller. You can then proceed with the purchase using our bridge loan.
Our bridge loan program in Menard, TX often does not require a down payment, freeing you from the need to come up with additional funds.
After your current home sells, we use the profits in Menard, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Menard, TX. You can choose to roll in all closing costs during this process, potentially requiring no money at the closing table.
Many of our bridge loans in Menard, TX do not require a down payment, making it easier for you to transition to your new home.
You don’t need to qualify for both mortgage payments simultaneously.
Bridge loan payments in Menard, TX may be deferred, meaning no payments are due while you are using the bridge loan.
You can pay off the bridge loan early without any penalties.
Our bridge loan in Menard, TX provides the financial flexibility and convenience you need to buy a new home without waiting for your current home to sell, avoiding the hassle of managing two mortgages or making contingent offers. We handle the details, ensuring a seamless transition from your bridge loan in Menard, TX to permanent mortgage financing, making the process as smooth as possible for you.
Ready to make your move? Contact us today to get started!
Bridge loans in Menard, Texas offer a flexible financing option for individuals looking to purchase a new home before selling their current property. By providing short-term funds, bridge loans bridge the gap between the sale of the existing home and the purchase of a new one. Demographically, Menard, Texas has a population of approximately 1,500 residents. Known for its small-town charm and friendly community, Menard offers a peaceful and relaxed lifestyle for its residents. The town boasts a diverse population with a mix of families, retirees, and young professionals. The housing market in Menard, Texas is characterized by a mix of historic homes, ranch-style properties, and modern developments. The median home price in Menard is around $120,000, making it an affordable option for homebuyers. The market is stable with a low inventory, making it a good time to invest in real estate in the area. Main attractions in Menard include the historic Presidio de San Saba, a Spanish mission dating back to the 18th century. Outdoor enthusiasts can enjoy hunting, fishing, and hiking in the nearby Hill Country. The town also hosts annual events such as the Menard County Watermelon Jubilee, bringing the community together.
Benefits of Bridge Loans in Menard, Texas
